Alston & Bird Consumer Finance ABstract

Department of Justice Announces New Civil Fraud Cybersecurity Enforcement Team

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Electronic Payments

  On October 6, 2021, Deputy Attorney General Lisa O. Monaco announced the launch of the Department of Justice’s Civil Cyber-Fraud Initiative.  As Kellen Dwyer, Kim Peretti ,and Jon Knight report on the Privacy, Cyber & Data Strategy Blog, the Department plans to use civil enforcement tools to “pursue…those who are government contractors who receive federal funds, when they fail to follow required cybersecurity standards.” … [Continue reading] about Department of Justice Announces New Civil Fraud Cybersecurity Enforcement Team

Third Party Payment Processors as ‘Covered Persons’: A Return to CFPB Regulation by Enforcement?

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A&B ABstract: The CFPB has recently asserted extraordinary authority to make any payment processor monitor the activities of any merchant for which it processes payments, even if that merchant does not provide consumer financial products or … [Continue reading] about Third Party Payment Processors as ‘Covered Persons’: A Return to CFPB Regulation by Enforcement?

Colorado Privacy Act Becomes Third Comprehensive State Privacy Act in the United States

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Electronic Payments

The Colorado Privacy Act (CPA) became law when Governor Jared Polis signed the bill on July 7, 2021. The CPA is the third general state privacy law in the United States, following the Virginia Consumer Data Protection Act (CDPA) and the California … [Continue reading] about Colorado Privacy Act Becomes Third Comprehensive State Privacy Act in the United States

Webinar: “The CFPB Turns 10: Evaluating America’s Youngest Federal Financial Regulator”

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On Monday, July 19, Alston & Bird partners Nanci Weissgold and Brian Johnson will participate (as a panelist and the moderator, respectively) in "The CFPB Turns 10: Evaluating America's Youngest Federal Financial Regulator," hosted by the … [Continue reading] about Webinar: “The CFPB Turns 10: Evaluating America’s Youngest Federal Financial Regulator”